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Andhra Pradesh CM N. Chandrababu Naidu Inaugurates Paytm Office in Visakhapatnam

Within the last few weeks, Paytm has registered a strong surge in payments transactions across all major cities in Andhra Pradesh and Telangana including Vijayawada, Visakhapatnam and Hyderabad.

Paytm announced today it has instituted a new corporate office in the coastal city of Visakhapatnam. Andhra Pradesh CM N. Chandrababu Naidu was present at the inaugural event to officially welcome the company’s operations in the city.

Within the last few weeks, Paytm has registered a strong surge in payments transactions across all major cities in Andhra Pradesh and Telangana including Vijayawada, Visakhapatnam and Hyderabad. To support the growing demand for cashless solutions in the region, Paytm has also announced it will add over 1,000 offline agents to its Andhra and Telangana team.

Speaking at the launch, Vijay Shekhar Sharma, Founder-CEO, Paytm said, “An easy and affordable digital payment solution can help democratize the payments sector in India. Our Vishakhapatnam campus is a showcase of our commitment to the region’s development and reflects its importance as an important market for us.”

“Our mission is to make cashless payments a way of life across India’s cities and towns. We will ensure there are more merchants across Andhra Pradesh accepting Paytm than ever before”, he added.

Merchants across India can start accepting Paytm at zero extra cost. They have to simply log on to Paytm.com/business and fill an online form to start accepting payments using Paytm’s PCI-DSS certified technology. The company has even waived off its 1% transaction fee for transferring money to the Bank to facilitate the ongoing shift in customer and merchant behavior towards going cashless.

Today over 1.5 Mn offline merchants across India accept Paytm as their preferred payment mode. Paytm is accepted everywhere such as taxi, autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, parking, pharmacies, hospitals, kirana shops, newspaper vendors and many more. With its strong focus on mobile payments, Paytm is inching closer to its aim of making cashless transactions a way of life across India.



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